Continue reading “What is RRP, how does it work, and why is it being used at all?”
Every indication that 2023 will be a miserable year
Actually, just one indication:
SOMA = The Federal Reserve System Open Market Account
For the entirety of 2023 they are projecting negative income, i.e. losses. The losses the FED incurs nowadays, at the end of 2022, are as follows:
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It appears that apes are not feeling the pain of 2022, either
It appears that the rich have not felt the pain of 2022
Productivity vs real earnings in the US — what happened ca 1974?
Somewhat related to the most recent US elections, I’ve been researching the whole “white working class” situation, and one strange anomaly has popped up.
When one looks at a graph of productivity (for the US) vs real wages, there is a marked “disturbance in the force” around 1974.
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Japan Securities Clearing Corp (JSCC) issues emergency margin call
Update: false alarm, everybody. The JSCC published several files (updated their models) regarding margins, specifically emergency margins. Nobody got margin-called, and nobody failed a margin call.
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